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California Gasoline Gains After Carson Refinery Reports Upset

July 26 (Bloomberg) -- California-blend gasoline on the spot market in Los Angeles strengthened against futures after an area refinery reported a breakdown.

Tesoro Corp.’s Carson plant reported the upset early today, according to a filing with the South Coast Air Quality Management District. The refinery previously filed notice it would flare from July 24 to today as part of planned work.

Carbob in Los Angeles strengthened by 7.25 cents to a discount of 0.5 cent a gallon over futures traded on the New York Mercantile Exchange at 1:29 p.m., according to data compiled by Bloomberg.

The fuel in San Francisco strengthened 10.75 cents to a discount of 14 cents a gallon. Conventional, 84-octane gasoline in Portland, Oregon, weakened 2.5 cents to a 2.5-cent premium versus futures.

State-blend CARB diesel in Los Angeles was unchanged at a 0.75-cent-a-gallon premium to ultra-low-sulfur diesel futures on the Nymex. The fuel in San Francisco was unchanged at a 0.75-cent-a-gallon discount. Low-sulfur diesel in Portland held at a premium of 1.75 cents against futures.

To contact the reporter on this story: Eliot Caroom in New York at ecaroom@bloomberg.net

To contact the editor responsible for this story: Bill Banker at bbanker@bloomberg.net

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